Seved HW.Ch 24. Capital Budgeting 6 21 Exercise 24-13A Internal rate of return LO P4 1 point Following is Information on two alternative investments being considered by Tiger Co. The company requires a 7% return from its investments Project xa $(96.000) Project (152.00) book Initial investment Expected net cash flows int Year 1 Year 2 Vear 33,000 43,500 64,500 72,000 62.000 53,000 Print Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whether each project is acceptable. (Round your answers to 2 decimal places.) Berce IR Project X 1 Project X2 Acceptable ses Yes